You have a savings account in which you leave the funds for one year without adding to

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You have a savings account in which you leave the funds for one year without adding to or withdrawing from the account. Which would you ratherhave: a daily compounded rate of 0.035%, a weekly compounded rate of 0.285%, a monthly compounded rate of 1.45%, a quarterly compounded rater of 3.50%, a semiannually compounded rate of 8%, or an annually compounded rate of 18%?

I need the answer to What is the EAR of a weekly compounded rate of 0.285%?

a monthly compounded rate of 1.45%

a quarterly compounded rater of 3.50%

a semiannually compounded rate of 8%,

an annually compounded rate of 18%?

Posted Date: May 18, 2024 06:04 PM

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You have a savings account in which you leave the funds for one year without adding to

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